Funding

Eightco’s Forever 8 and Partner Mobi-hub to Serve as a Headline Sponsor for the ITC Malta 2023

Retrieved on: 
Wednesday, May 31, 2023
Associated Press v. Meltwater U.S. Holdings, Inc., Funding, Organization, ITC, Airline, Mobi

This is the first event Mobi-hub Funding will participate in since the announcement of the joint venture.

Key Points: 
  • This is the first event Mobi-hub Funding will participate in since the announcement of the joint venture.
  • The conference will be held in Malta on June 7-11, 2023, featuring a variety of keynote speakers, exhibitors and attendees from around the world, including representatives from both Forever 8 and Mobi-hub.
  • Additionally, Forever 8 and Mobi-hub will host a large event display booth featuring their current products and services.
  • “We are thrilled to be sponsoring the ITC Malta 2023,” said Paul Vassilakos, President of Forever 8.

EnviroGold Global Announces $2.15M Financing

Retrieved on: 
Monday, May 29, 2023
Indian stock exchange, CSE, Funding, YGK, Sale, Date, Finance Secretary (India), Clean technology, News, Security (finance), Note

TORONTO, May 29, 2023 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold Global” or the “Company”), a Clean Technology Company accelerating the world’s transition to a circular-resource economy, is pleased to announce a non-brokered private placement of unsecured convertible notes (the “Notes”) to raise gross proceeds up to $2.15M (the “Financing”).

Key Points: 
  • TORONTO, May 29, 2023 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold Global” or the “Company”), a Clean Technology Company accelerating the world’s transition to a circular-resource economy, is pleased to announce a non-brokered private placement of unsecured convertible notes (the “Notes”) to raise gross proceeds up to $2.15M (the “Financing”).
  • The Financing is expected to close on or about June 5, 2023 (the “Closing Date”) and will be completed with two investor groups.
  • Proceeds from the Financing will be used to provide additional working capital and fund additional expenses of the Company.
  • Finder’s fees may be paid to qualified parties in connection with the Financing.

Tekla World Healthcare Fund Paid Distribution

Retrieved on: 
Wednesday, May 31, 2023
Banking, Professional Services, Finance, HQL, Health, Marketing, Funding, Policy, Calendar, NAV, NYSE, Tekla, THQ, THW, Fund, Clothing, Life insurance, Financial adviser, Cryptocurrency

The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Key Points: 
  • The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
  • Tekla World Healthcare Fund (NYSE: THW) is a closed-end fund that invests in companies in the healthcare industry.
  • Tekla also serves as investment adviser to Tekla Healthcare Investors (NYSE: HQH), Tekla Life Sciences Investors (NYSE: HQL) and Tekla Healthcare Opportunities Fund (NYSE: THQ), closed-end funds that invest in companies in the healthcare and life sciences industries.
  • Information regarding the Funds and Tekla Capital Management LLC can be found at www.teklacap.com .

Tekla Healthcare Opportunities Fund Paid Distribution

Retrieved on: 
Wednesday, May 31, 2023
Banking, Professional Services, Finance, HQL, Health, Marketing, Funding, Policy, Calendar, NAV, NYSE, Tekla, THQ, Fund, Clothing, Life insurance, Financial adviser, Cryptocurrency

The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Key Points: 
  • The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
  • Tekla Healthcare Opportunities Fund (NYSE: THQ) is a closed-end fund that invests in companies in the healthcare industry.
  • Tekla also serves as investment adviser to Tekla Healthcare Investors (NYSE: HQH), Tekla Life Sciences Investors (NYSE: HQL) and Tekla World Healthcare Fund (NYSE: THW), closed-end funds that invest in companies in the healthcare and life sciences industries.
  • Information regarding the Funds and Tekla Capital Management LLC can be found at www.teklacap.com .

Three Nuveen Closed-End Funds Announce Availability of 19(a) Notices

Retrieved on: 
Wednesday, May 31, 2023
Banking, Professional Services, Finance, Nuveen, Calendar, Policy, Fund, Funding, Cryptocurrency, Bank, Life insurance

The 19(a) distribution notices for three Nuveen closed-end funds are now available.

Key Points: 
  • The 19(a) distribution notices for three Nuveen closed-end funds are now available.
  • This informational notice provides further details on the sources of the funds’ regular monthly distribution and follows the most recent monthly distribution announcement.
  • The full text of this notice is available below or on the Nuveen website via Distribution Source Estimates .
  • The following table provides estimates of the Funds’ distribution sources, reflecting year-to-date cumulative experience through the month-end prior to the latest distribution.

Destra Multi-Alternative Fund Announces the Release of Annual Report and New Distribution Policy

Retrieved on: 
Wednesday, May 31, 2023
Asset Management, Professional Services, Finance, The Annual Report, Funding, Policy, Annual, Financial adviser, DMA, Trustee, Annual report, Fund, Investment, Fatal Five

Destra Multi-Alternative Fund (the "Fund" or "DMA"), is pleased to announce the release of its annual report for the fiscal year ended March 31, 2023 (the “Annual Report”).

Key Points: 
  • Destra Multi-Alternative Fund (the "Fund" or "DMA"), is pleased to announce the release of its annual report for the fiscal year ended March 31, 2023 (the “Annual Report”).
  • The Annual Report provides insights into the performance and strategic outlook of the Fund, along with commentary from the Fund's sub-adviser, Validus Growth Investors, LLC (“Validus”).
  • Additionally, the Fund is announcing that its Board of Trustees has approved a change in the Fund’s distribution policy.
  • Following the regular monthly June 2023 distribution, the Fund will shift to an annual distribution policy.

Credit Acceptance Announces Completion of $400.0 Million Asset-Backed Financing

Retrieved on: 
Thursday, May 25, 2023
Credit Acceptance, News, Energy Independence and Security Act of 2007, Funding, Security (finance)

The Financing is structured so as not to affect our contractual relationships with our dealers and to preserve the dealers’ rights to future payments of dealer holdback.

Key Points: 
  • The Financing is structured so as not to affect our contractual relationships with our dealers and to preserve the dealers’ rights to future payments of dealer holdback.
  • Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.
  • Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones.
  • Credit Acceptance is publicly traded on the Nasdaq stock market under the symbol CACC.

Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Private Placement of Mandatory Redeemable Preferred Shares

Retrieved on: 
Friday, May 26, 2023
Professional Services, Finance, MRP, Fund, UBS, ARPS, Funding, Security (finance)

Each Fund intends to use the net proceeds from its issuance, along with security sales, to pay down its respective temporary liquidity facilities, which were put into place on November 1, 2022, coincident with the settlement of the tender offer for the Funds’ auction rate preferred shares (ARPS).

Key Points: 
  • Each Fund intends to use the net proceeds from its issuance, along with security sales, to pay down its respective temporary liquidity facilities, which were put into place on November 1, 2022, coincident with the settlement of the tender offer for the Funds’ auction rate preferred shares (ARPS).
  • The newly issued MRP shares are part of a larger capital restructuring for the Funds that is intended to help reduce overall borrowing levels and create a more flexible capital structure by having short-, mid- and long-term borrowings for each Fund.
  • In addition to the MRP shares, each Fund’s borrowing structure will still consist of an allocation to a short-term liquidity facility as well as cumulative preferred shares for the purpose of providing financial leverage to common shareholders.
  • The MRP shares were privately placed with an institutional investor by UBS Securities LLC, the placement agent for the offerings.

Carbon Revolution Secures US$60 Million Loan

Retrieved on: 
Wednesday, May 24, 2023
Automotive Manufacturing, Aftermarket, Automotive, Manufacturing, Travel, Other Transport, Transport, General Automotive, Tires & Rubber, Performance & Special Interest, Other Travel, Carbon, SPAC, Intellectual property, Shelby Mustang, EV, Funding, Sky (New Zealand), Alfa Romeo 8C Competizione, NHTSA, National Highway Traffic Safety Administration, TRCA, ASX, General Motors, Ford Motor Company, IP, Dowsing, EVS, Pista, Corporate average fuel economy, GT500, Engineering, Ferrari SF90 Stradale, OEM, CAFE, NYSE, Automation, Renewable energy

Carbon Revolution Limited (“CBR”, “Carbon Revolution” or the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced the establishment of a US$60 million debt financing arranged and insured by PIUS Limited LLC, a Gallagher company, and its affiliates (the “Financing”).

Key Points: 
  • Carbon Revolution Limited (“CBR”, “Carbon Revolution” or the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced the establishment of a US$60 million debt financing arranged and insured by PIUS Limited LLC, a Gallagher company, and its affiliates (the “Financing”).
  • Carbon Revolution is focused on further expanding its footprint in the rapidly growing market for electric vehicles (EVs).
  • As the global automotive industry shifts to electric power, Carbon Revolution is well positioned to capture OEM demand for weight-saving efficiency technologies.
  • “In the escalating race to achieve supreme efficiency in automotive vehicles, Carbon Revolution has designed and manufactured some of the most technologically advanced carbon fiber composite wheels, with an extensive IP portfolio spanning multiple jurisdictions,” said PIUS CEO, Joe Agiato.

Spy Ego Media and Chippewa Cree Energy Corporation Partner to Power Next-Gen Connectivity for Chippewa Cree Tribe with Fiber and Wireless Capabilities

Retrieved on: 
Tuesday, May 16, 2023
Communication, Small business, Partnership, Employment, Hertz, FCC, Education, EBS, Chippewa Cree, Tribe, CCT, Fiber, Funding, Reservation, Secondary school, Economic development, BOX, CIO, Growth, Bard High School Early College, Internet service provider, Management

BOX ELDER, Mont., May 16, 2023 /PRNewswire/ -- For decades, the Chippewa Cree Tribe and its reservation relied on obsolete dial-up connections or use mobile phones that usually came tied with costly data plans. Underfunded and marginalized, the Tribes couldn't afford the upfront costs that service providers sought to put up infrastructure in the rugged terrain. All of that is set to change with the groundbreaking TBCP Grant Award. Spy Ego (SEMCOMM), the industry leader in delivering a broad spectrum of technological solutions is proud to announce that it will be partnering with the Chippewa Cree Energy Corporation (CCEC) to implement next-gen broadband capabilities to the reservation.

Key Points: 
  • Underfunded and marginalized, the Tribes couldn't afford the upfront costs that service providers sought to put up infrastructure in the rugged terrain.
  • All of that is set to change with the groundbreaking TBCP Grant Award.
  • Spy Ego (SEMCOMM), the industry leader in delivering a broad spectrum of technological solutions is proud to announce that it will be partnering with the Chippewa Cree Energy Corporation (CCEC) to implement next-gen broadband capabilities to the reservation.
  • Using the TBCP Grant Award, Spy Ego will enable next-generation connectivity via Fiber and Tribal EBS spectrum to empower rural, underserved Tribal Members throughout the Reservation.